Danske Bank said it might again become subject to a formal investigation in France, instead of being an assisted witness, in connection with an ongoing investigation into organised money laundering of tax evasion proceeds.

The Home Secretary and Chancellor will jointly chair a new government taskforce, the Economic Crime Strategic Board, to work with senior figures from the U.K. financial sector to tackle economic crime, the U.K. government announced on 14 January.

With one of the most devastating losses in the history of British politics, Prime Minister Theresa May was handed a rebuke of her proposed Brexit framework for the future relationship between the European Union and the United Kingdom.